Worries about importing Quicken 04 into Money 05

I've been using MS Money 05 Premium to track investments these past few weeks
with success. Now it's time to import my Quicken 2004 banking and credit
card accounts into my Money. I have some worries about bringing in 10 years
of data. Questions:

1) How does Money handle transfers on import or conversion? If I have a
checking account with transfers to a credit card account for payment, will
Money handle these as transfers as well?

2) Do I need to create these accounts in Money applying the conversion?

3) If I choose to export one account at a time from Quicken and then import
1 account at a time, how does Money handle a transfer imported from one
account if the other account doesn't exist yet?

4) Is it best to convert a Quicken account or import/export? Again, very
large data files here.

Thanks,

Miles

via_newsgroup
Wed Feb 02 21:32:00 CST 2005

In microsoft.public.money, Miles wrote:

>I've been using MS Money 05 Premium to track investments these past few weeks
>with success. Now it's time to import my Quicken 2004 banking and credit
>card accounts into my Money. I have some worries about bringing in 10 years
>of data. Questions:
>
>1) How does Money handle transfers on import or conversion? If I have a
>checking account with transfers to a credit card account for payment, will
>Money handle these as transfers as well?

Yes.

>
>2) Do I need to create these accounts in Money applying the conversion?

If you convert, you should not have anything to do. If you do QIF
import, Money should allow you to create the accounts as you go.

>
>3) If I choose to export one account at a time from Quicken and then import
>1 account at a time, how does Money handle a transfer imported from one
>account if the other account doesn't exist yet?

If you do that, transfers will not be handled properly. Instead,
export one account at a time. Name any investment accounts
alphabetically earlier than their associated cash accounts. Import
ALL AT ONCE with Ctrl+<click>.


>
>4) Is it best to convert a Quicken account or import/export? Again, very
>large data files here.

If you want to merge with an existing file, QIF import is your only
option.

If you are willing to not merge, then conversion is probably your
best idea. Change any custom data types to standard ones before
converting. In particular change stocks to stock, since Money
converts custom types to mutual fund.

I suggest you try a conversion. You can always go back and do a QIF
export/import if you are not satisfied with the conversion.